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December 2017

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India’s annual rate of inflation, based on monthly wholesale price index (WPI), stood at minus 2.40 per cent for June 2015 (over June 2014), according to the provisional data released by the Office of the Economic Adviser, Ministry of Commerce and Industry.

In comparison, annual rate of inflation was minus 2.36 per cent for May 2015 and 5.66 per cent during June 2014. Build up inflation rate in the financial year 2014-15 so far was 1.42 per cent compared to a build up rate of 1.50 per cent in the corresponding period of the previous year.

Meanwhile, the official WPI for all commodities (Base: 2004-05 = 100) for the month of June, 2015 rose by 0.5 per cent to 178.6 from 177.7 for the previous month.

The index for manufactured products (weight 64.97 per cent) for June, 2015 rose by 0.1 per cent to 154.2 from May 2015’s level of 154.1. The index for textiles sub-group, too, rose by 0.6 per cent to 140.9 from 140.1 for the previous month due to higher price of gunny and hessian cloth and manmade fibre (3 per cent each), and manmade fabric and cotton fabric (1 per cent each). However, the price of tyre cord fabric (4 per cent), jute yarn (3 per cent) and jute sacking cloth (1 per cent) declined.

The index for primary articles (weight 20.12 per cent) rose by 1.4 per cent to 248.4 from 244.9 for the previous month. The index for fuel and power (weight 14.91 per cent) also rose by 0.6 per cent to 191.0 from 189.8 for the previous month due to higher price of aviation turbine fuel, petrol, kerosene, lignite, high speed diesel and bitumen.

Meanwhile, the all-India consumer price index (CPI) on base 2012=100 stood at 5.40 (provisional) in June, 2015 compared to 5.01 in May, 2015 and 6.77 in June, 2014, according to the Central Statistics Office, Ministry of Statistics and Programme Implementation. (RKS)